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X-Energy Reactor Co. and Ares Acquisition Corp. AAC on Monday lowered the price of their projected business combination by $300 million to $1.8 billion. “By establishing a more attractive entry point for investors, X-energy and AAC believe the revised valuation reinforces the long-term value creation opportunity for, and the companies’ alignment with, shareholders,” the companies said. Ares Acquisition Corp. and X-Energy initially announced their merger on Dec. 6.
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